DAT: After a robust May, truckload volumes slipped in June
The DAT Truckload Volume Index (TVI), an indicator of loads moved during a given month, retreated from all-time highs for van and refrigerated (“reefer”) loads in May:
- Van TVI: 266, down 9% month over month
- Reefer TVI: 199, down 11%
- Flatbed TVI: 279, down 7%
Year over year, the van and flatbed TVI dipped 3% and 5%, respectively. The reefer TVI was up 7% compared to
“The month ended strong for dry van freight, with nearly 25% more volume moving during the final week of June compared to last year,” said
Spot rates rose for all three equipment types
National average spot truckload rates increased for the third consecutive month in June:
-
Spot van:
$2.07 per mile, up6 cents -
Spot reefer:
$2.45 a mile, up4 cents -
Spot flatbed:
$2.53 a mile, up1 cent
The average van linehaul rate was
National average rates for contracted van and reefer freight ticked higher:
-
Contract van rate:
$2.44 per mile, up1 cent -
Contract reefer rate:
$2.81 a mile, up2 cents -
Contract flatbed rate:
$3.14 a mile, down2 cents
Van and reefer load-to-truck ratios increased
National average van and reefer load-to-truck ratios increased for the fourth straight month in June, reflecting a combination of higher demand and fewer trucks in the marketplace:
- Van ratio: 4.7, up from 4.4 in May, meaning there were 4.7 loads for every van truck on the DAT One marketplace
- Reefer ratio: 7.0, up from 6.3
- Flatbed ratio: 14.6, down from 18.0
Ratios were higher year over year. In
Load-to-truck ratios reflect truckload supply and demand on the DAT One marketplace and indicate the pricing environment for spot truckload freight.
About the DAT Truckload Volume Index
The DAT Truckload Volume Index reflects the change in the number of loads with a pickup date during that month. A baseline of 100 equals the number of loads moved in
DAT benchmark spot rates are derived from invoice data for hauls of 250 miles or more with a pickup date during the month reported. Linehaul rates subtract an amount equal to an average fuel surcharge.
About DAT Freight & Analytics
DAT Freight & Analytics operates both the largest truckload freight marketplace and truckload freight data analytics service in
Founded in 1978, DAT is a business unit of
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Source: DAT Freight & Analytics